For two hedge funds, SAC redemptions hit close to home

Reuters – Two small investment firms that manage money for SAC Capital Advisors have a lot at stake, as billionaire investor Steven A. Cohen moves to return about $4 billion to his outside investors.

The firms, Adams Hill Capital and Scopus Asset Management, are listed on regulatory filings as other advisers to an SAC Capital portfolio, meaning each manages a dedicated pool of money for Cohen’s hedge fund.